Indian markets traded higher, with Sensex rising over 600 points and Nifty gaining more than 200 points in early trade, driven by easing geopolitical tensions in West Asia after Iran indicated it was reviewing a US peace proposal

Indian benchmark indices Sensex and Nifty recovered intraday losses to close higher on May 20. Gains in oil, gas and auto stocks supported the rebound, with Nifty ending at 23,659 and Sensex at 75,318. Analysts say markets remain range-bound ahead of key global cues